0
In your area Bank of America is paying the highest intrest on regular saving account pass books. You can also get good rates on CD from Bank of America in your area.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Do banks provide the highest CD interest rates now?
Banks are generally the only ones that provide CDs. If you mean WHICH bank provides high interest rates, check out Ally bank. Its CDs have an APY of 1.7%, one of the highest in the industry.
Advantages and disadvantages of banks?
Now a days, banks are the backbone of any economy. Without banking flourishing banking system, no country can prosper in present day era. Banks provide loans and advances to small,medium and big industries for their sustained growth. Banks help to inculcate the savings habit among the masses. Specially, the forex transactions are not possible without the medium of bank. Banks have their disadvantages too. Banks offer nominal or medium interest rate on deposits, whereas their interest rates on loans are advances are bit higher. In Savings Bank accounts, banks generally do not offer any interest or a nominal rate of interest. Banks' deposit maturities are subjected to income tax and offer no life coverage.
What can credit cards cost?
An activation fee varies, while there is interest added onto however much you charge. A recent ploy used by banks is to make a free activation, and then within a month slam you with a 77.9+ interest rate percentage! So, it is safer not to use them right now. That interest rate would be more than you pay monthly, and so you are paying less and charging up more on shopping gas etc.
What interest rates do Mechanics Bank offer?
Like most banks Mechanics Bank's interest rates depend upon the rates set forth by the government. Which means that you will have to check with your local bank to find out what the rates are now.
How can one obtain rates of interest on a variety of savings accounts at different banks?
One can obtain rates of interest on all different savings accounts at different banks, by either contacting the bank itself or finding its different rates online. Many online accounts currently offer the best rates right now.
Why do banks hold excess reserves?
They would hold excess reserves when conditions are such that they earn very little, or risks of loss are greater than interest reward or as now, 2/1/12, when the Federal Reserve is actually paying interest to the banks to keep reserves. There's now about $1.4 trillion of excess reserves of banks held at the Fed. It resulted from the Fed stuffing the bank "persons" with money lent at near zero interest to replace that which the banks destroyed with the liar loans and CDO- CDS securities. While 13 million human persons are unemployed, it's nutty to maintain such credit scarcity. But that's "free enterprise."
Why do banks pay very little interest on a savings account compared to what it was 15 years ago?
Because interest rates are extremely low right now
Do banks provide the highest CD interest rates now?
Banks are generally the only ones that provide CDs. If you mean WHICH bank provides high interest rates, check out Ally bank. Its CDs have an APY of 1.7%, one of the highest in the industry.
Call rate of rbi?
It is the interest rate at which banks lends or borrows to other banks for daily requirements or overnights As of now Call rate(5th July 2012) is 6.75 to 8.30
What bank gives the highest savings rate?
wamu is the best right now with a 3.30 With a lot of banks, the rate can differ based on the type of savings account and the minimum balance required.
Advantages and disadvantages of banks?
Now a days, banks are the backbone of any economy. Without banking flourishing banking system, no country can prosper in present day era. Banks provide loans and advances to small,medium and big industries for their sustained growth. Banks help to inculcate the savings habit among the masses. Specially, the forex transactions are not possible without the medium of bank. Banks have their disadvantages too. Banks offer nominal or medium interest rate on deposits, whereas their interest rates on loans are advances are bit higher. In Savings Bank accounts, banks generally do not offer any interest or a nominal rate of interest. Banks' deposit maturities are subjected to income tax and offer no life coverage.
What can credit cards cost?
An activation fee varies, while there is interest added onto however much you charge. A recent ploy used by banks is to make a free activation, and then within a month slam you with a 77.9+ interest rate percentage! So, it is safer not to use them right now. That interest rate would be more than you pay monthly, and so you are paying less and charging up more on shopping gas etc.
What interest rates do Mechanics Bank offer?
Like most banks Mechanics Bank's interest rates depend upon the rates set forth by the government. Which means that you will have to check with your local bank to find out what the rates are now.
How can one obtain rates of interest on a variety of savings accounts at different banks?
One can obtain rates of interest on all different savings accounts at different banks, by either contacting the bank itself or finding its different rates online. Many online accounts currently offer the best rates right now.
How can you get help paying off your graduate student loans?
Depending on who your private student loan is, you can either ask to consolidate your loans or start paying off the interest now. The biggest key factor would also be to start saving and create a plan to pay off more than the interest that is incurring on those loans.
How do I search for places that give business loans?
Banks are struggling right now and are not giving out many business loans. You should look into local banks that advertise that they are still giving out loans and work with them closely to figure out the best interest rate.
Which banks are offering the best high interest savings accounts at this time?
According to Bankrate.com the best savings account interest rates are currently at Capitol One Direct, Discover Bank and Ally.com. The best rates are now at internet based banks, but so long as they're FDIC insured that shouldn't worry you too much.
